Acadia Realty Trust (NYSE:AKR)
CAPS Rating:
A self-managed and self-administered equity REIT focused primarily on the ownership, acquisition, redevelopment and management of retail properties, including neighborhood and community shopping centers and mixed-use properties with retail components.
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This stock closed at its 52-week high on Friday, and it has a PEG ratio of 2.67. Cramer says you should not pay more than 2 times growth because most big funds won't, and the big funds are the movers and shakers on Wall Street. I am pretty new to this, but this looks like a stock that may be headed for a downfall.
Why would a company that weathered the ugly mortgage fallout and her trend is up, would be heading down?When a company is going up, it will have some dips, and this one is no exception